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Anthill Ventures and its network of investors will look at investing up to $1 million in each of the most promising media and entertainment startups.

HYDERABAD: Anthill Ventures, an investment and scaling platform for early growth stage startups and Suresh Productions, an Indian film production and distribution company, have launched Anthill Studio.

Anthill Studio is a business accelerator programme for technology startups that are building solutions for the media and entertainment sector. Popular Indian actor, producer Rana Daggubati and technology investor, founder of speed-scaling accelerator Anthill Ventures, Prasad Vanga will be spearheading the studio.

The studio’s launch will add to the global startup ecosystem and will focus to co-innovate solutions in the areas of Filmed Entertainment, Television, Gaming and Digital Media. The Key technologies that will be focused on are Augmented & Virtual Reality (AR / VR), Artificial Intelligence (AI) & Machine Learning (ML), Visual Effects (VFX), Real-time Cloud Rendering, and Big Data.

"The movie making business has gone through a significant transformation in the last 15 years with technology being the single largest differentiator. Studios all around the world have incorporated the latest tech in areas such as VFX, gaming, internet-based media, AR/VR, streaming, cloud tech, and smart content creation to produce movies and other content that have engaged audiences." said Daggubati.

“Anthill Ventures is proud to be associated with Rana Daggubati and the Suresh Productions team to launch the Anthill Studio accelerator programme. Anthill Studio will bring the best of tech to the media and entertainment world by engaging global startups in a three month long acceleration programme. The accelerator will bring the very best of industry expertise, tech mentorship, business scaling and access to smart capital. Media & Entertainment is a key focus area for Anthill Ventures’ upcoming $100 million fund. I am personally excited by this joint venture between Suresh Productions and Anthill Ventures and look forward to co-innovating new solutions in this space.” Said Prasad Vanga, Founder & CEO, Anthill Ventures.

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“Having invested in tech startups over the last 15 years, I have seen the first-hand impact of technology in our films; from providing support services for visual effects to making full blown VFX spectacle films like Baahubali, Robot, Eega, Arundhati etc. Our partnership with Anthill Ventures will be able to find the next set of technologies that will transform the media & entertainment industry”, Rana added.